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(Step 1 of CIA) Assume you have good credit and can borrow either $1,000,000 or E800,000 for one year. The one-year interest rate in the

(Step 1 of CIA) Assume you have good credit and can borrow either $1,000,000 or E800,000 for one year. The one-year interest rate in the U.S. is is = 3% and in the euro zone the one-year interest rate...

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